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4508 Oak Fair Boulevard, Ta...

Colliers Sells Office Building In Tampa For $11.3M
SOLDOffice

Colliers Sells Office Building In Tampa For $11.3M

4508 Oak Fair Boulevard, Tampa, FL 33610

$11,300,000

$92/SF

Building Size

121,918 SF

Asset Type

Office

Closing

May 9, 2021

AI

An office property located at 4508 Oak Fair Blvd in Tampa was recently sold for a price of $11,300,000. The property consists of 121,918 square feet and is situated on 12.5 acres of land. The sale price per square foot was $93, and the price per acre was $904,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $11,300,000
  • Address: 4508 Oak Fair Blvd, Tampa
  • Market: Tampa
  • Size: 121,918 SF
  • Price per SF: $93
  • Acreage: 12.5 acres
  • Price per Acre: $904,000

The property was sold by Cardinal Point Management. The brokers involved in the deal were Paul Carr and Todd Tolbert from Colliers.

Players

Paul Carr

Colliers

Broker

$50.6M

vol

3 deals

Broker
Cardinal Point Management
Cardinal Point ManagementSeller

Tampa Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93